Bankruptcy Beat

Recent Posts from Bankruptcy Beat


  • Law Firms Get $30M For Work On ABFS Case

    The lawyers are gobbling away at the $100 million settlement reached in the American Business Financial Services case. Two law firms that sued on behalf of creditors this week won a $30 million contingent fee…

  • Blixseth Furniture, Antiques Up For Grabs

    The furnishings that used to fill Tim and Edra Blixseth's private residence at Yellowstone Mountain Club are going up for auction Saturday.

  • The Daily Docket: General Growth Inks Mortgage Deal

    General Growth has reached a deal to restructure nearly $9 billion of mortgages on 77 of its malls. Paulson & Co. won court approval to buy Idearc stock after it exits bankruptcy protection. A labor…

  • Creditors Set Sights on Sun Capital, Salford Capital in MIG Money Hunt

    Creditors are battling to get financial information from Metromedia International Group Inc., which holds a stake in the company that owns a 46% of the company that owns 100% of Magticom, the leading mobile phone…

  • Former Car Salesman Denny Hecker Held In Contempt

    Fallen former car salesman Denny Hecker was held in contempt of court for not turning over his financial records in a timely manner.

  • The Daily Docket: GAO Issues Pension Report

    The Government Accountability Office says top executives at four companies that terminated their pension plans received $49.5 million in retirement and severance benefits in the years before the companies sought bankruptcy protection. Taylor-Wharton International has…

  • Erickson Resists Call For Patient-Care Ombudsman

    Erickson Retirement Communities touts “on-campus medical centers” and board-certified physicians on its Web site, but the operator of senior-living centers told a bankruptcy court that it doesn't provide medical care to its residents.

  • If You Can’t Beat ‘Em, Join ‘Em

    Arena Football League, which canceled its 2009 season and filed for bankruptcy protection, is now seeking to sell itself to a rival professional indoor football league, which AFL happened to sue just last month for…

  • The Daily Docket: Trump Backs Down

    Donald Trump is dropping his bid to regain control of the Atlantic City casinos that bear his name. Fontainebleau Las Vegas has reached a deal to sell itself to Penn National Gaming. Simon Property Group…

  • Trouble in Paradise

    Amelia Island Plantation, a luxury resort boasting ocean-view accommodations, a private beach club and an AAA four-diamond rating, filed for bankruptcy protection Friday, blaming the recession for putting a damper on its business.